UK operator of prisons and asylum accommodation expects a combined £38mn hit in 2025
Crews transporting offenders left without security in subcontractor outage that also hit DHL
Home Office aims to revise terms or terminate after being ‘shocked’ by private companies’ profits
Court of Appeal to hear test case for widening use of class action lawsuits
Supporters say investor litigation raises governance standards but critics warn benefits skew to lawyers and funders
Case over share price drop was first of its kind in England to go to trial
US-style securities trial over stock-price drop set to be first of its kind in England
UK watchdog cracks down for first time on an employer processing biometric data of workers
Outsourcer buys European Homecare for €40mn as it flags impact from UK government plans to close migrant hotels
Risks such as scandals around the treatment of migrants can destabilise businesses
London-listed contractor raises forecast for organic revenue growth and underlying profit by 4%
Soames prepares for retirement after nine years at the top
Loss of overnight London to Scotland rail service raises prospect of renationalisation
Governments are critters even tougher than outsourcers, who tend to come off badly in any dispute
Mark Irwin to take over as head of London-listed outsourcing company
Shares jump as revenues and profits upgraded above previous forecasts
Outsourcer increases dividend by 15% and launches £90mn share buyback
Work housing asylum seekers also boosts revenues
Outsourcer expects sales to rise by a fifth as it wins £322m contract to keep Covid testing centres running
Public criticism has weighed on share price but not prevented group from lifting profits
Plus, BNP Paribas faces mis-selling allegations and Mohamed El-Erian on the Fed’s inflation puzzle
Outsourcer’s divisions in line or ahead of budget in first five months of the year
Agency made mistakes when disclosing documents, jeopardising prisoner tagging trial
UK contractor’s financial models of shifting profits to Geografix subsidiary were not part of scam, court told
Nicholas Woods and Simon Marshall appear in court on first day of SFO trial
